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<br />EDA RESOLUTION NO. 05-EDA-205 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />AUTHORIZATION TO CONDUCT A RESIDENTIAL APPRAISAL ON THE <br />PROPERTY LOCATED AT 2617 SHERWOOD ROAD <br /> <br />WHEREAS, the property located at 2617 Sherwood Road is currently vacant and <br />unsuitable for habitation; and, <br /> <br />WHEREAS, on October 11, 2004, the Mounds View City Council identified the property as <br />hazardous and approved an order to abate all violations; and, <br /> <br />WHEREAS, efforts to eliminate the violations and hazardous conditions are ongoing yet <br />have thus far been unsuccessful; and, <br /> <br /> WHEREAS, the property owner has indicated a willingness to sell the property to the <br />City as a means to resolve the issues associated with the property; and, <br /> <br /> WHEREAS, staff has confirmed that the property at 2617 Sherwood Road is on the City’s <br />list of parcels identified for potential acquisition; and, <br /> <br /> WHEREAS, to determine the fair market value for the property, it would be appropriate to <br />conduct a residential appraisal of the parcel and improvements; and, <br /> <br />WHEREAS, the City maintains a list of area appraisal firms who are able to perform such <br />an appraisal and have solicited estimates from said firms ranging from $325 to $400. <br /> <br /> NOW, THEREFORE BE IT RESOLVED THAT, the Mounds View Economic Development <br />Authority (the “Authority”) hereby authorizes staff arrange for an appraisal of the property located <br />at 2617 Sherwood Road at a cost not to exceed $400. <br /> <br /> NOW THEREFORE BE IT FINALLY RESOLVED THAT, the Authority directs staff to <br />negotiate a purchase price with the owner for the property relative to the appraised value and to <br />bring back for the Authority’s consideration the resulting purchase agreement, if such an <br />agreement is reached. <br /> <br />Adopted this 25th day of July, 2005 by the Mounds <br />View Economic Development Authority <br /> <br />________________________________ <br />Rob Marty, President <br /> <br />ATTEST: <br />________________________________ <br />Kurt Ulrich, Executive Director <br /> <br />(SEAL)